ZKsync Tokenomics：效用转变还是只是另一种山寨币反弹？

ZKsync 的 ZK 代币的目标是超越治理的实用性，但这足够了吗？看看这种转变、市场反应，以及它是否可以在人工智能加密热潮中竞争。

ZKsync, the Ethereum Layer 2 scaling solution, is trying to redefine itself. The big news? A proposed shift in its ZK tokenomics, moving from a simple governance token to one with actual utility. But in a market flooded with promises, does this utility shift have what it takes, or is it just another altcoin bounce?

ZKsync，以太坊第 2 层扩容解决方案，正在尝试重新定义自己。大新闻？ ZK 代币经济的拟议转变，从简单的治理代币转变为具有实际效用的代币。但在充满希望的市场中，这种效用转变是否有其所需要的，或者只是另一种山寨币的反弹？

ZK Tokenomics: From Governance to Utility

ZK Tokenomics：从治理到效用

For a while now, governance tokens have been viewed with some cynicism, rightfully so. The ZKsync team gets it. The new proposal aims to inject value into the ZK token through on-chain interoperability fees and off-chain enterprise licensing income. This revenue would then be used to fund staking rewards, ecosystem development, and a buyback-and-burn mechanism. Sounds good on paper, right?

一段时间以来，人们对治理代币抱有一些愤世嫉俗的态度，这是理所当然的。 ZKsync 团队明白了。新提案旨在通过链上互操作性费用和链下企业许可收入为ZK代币注入价值。然后，这些收入将用于资助质押奖励、生态系统开发以及回购和销毁机制。纸面上听起来不错，对吧？

According to a press release, this proposal marks "part one" of the new tokenomics design, focusing on a value flywheel for the ZK token. Matter Labs' Alex Gluchowski stated, “As the network scales in production, value flowing through ZKsync should flow back to the ecosystem.” The key word is 'should.' Whether it actually does remains to be seen.

根据新闻稿，该提案标志着新代币经济设计的“第一部分”，重点关注 ZK 代币的价值飞轮。 Matter Labs 的 Alex Gluchowski 表示：“随着网络在生产中的扩展，流经 ZKsync 的价值应该流回生态系统。”关键词是“应该”。是否真的如此还有待观察。

Market Reaction: A Short-Lived Pump?

市场反应：短暂的上涨？

The market initially responded positively, with ZK jumping over 14% on the day of the announcement and up 62% on the week. But let's be real, the initial jump might have been fueled by those with advance knowledge of the proposal. The coin is still down 83% from its June 2024 peak.

市场最初反应积极，ZK 在公告发布当天上涨超过 14%，本周上涨 62%。但说实话，最初的跳跃可能是由那些预先了解该提案的人推动的。该代币仍较 2024 年 6 月的峰值下跌 83%。

The Bigger Picture: AI and the Allure of "100x" Gains

更大的图景：人工智能和“100 倍”增益的诱惑

While ZKsync is trying to reinvent itself, other projects are grabbing headlines with promises of astronomical returns. Take DeepSnitch AI, for example. It is an AI suite for crypto users, designed to solve problems that cost investors money every cycle. With its five distinct AI agents, this platform is being developed for staying power. Hype fades, but utility that protects and profits lasts.

当 ZKsync 试图重塑自己时，其他项目也因承诺天文数字回报而成为头条新闻。以 DeepSnitch AI 为例。它是一款面向加密货币用户的人工智能套件，旨在解决投资者每个周期都需要花钱的问题。该平台拥有五个不同的人工智能代理，旨在增强持久力。炒作会消退，但保护和利润的效用会持续。

Sure, ZKsync rallied 43% after praise from Vitalik Buterin, but technical indicators suggest it might be overheated. The market's always chasing the next big thing. While ZKsync has a $340 million market cap, DeepSnitch AI, still in its presale, sits squarely in that stage where asymmetric upside is still possible.

当然，在 Vitalik Buterin 的赞扬后，ZKsync 上涨了 43%，但技术指标表明它可能过热。市场总是在追逐下一个大事件。虽然 ZKsync 的市值为 3.4 亿美元，但仍处于预售阶段的 DeepSnitch AI 完全处于仍然有可能出现不对称上涨的阶段。

Final Thoughts: Utility is King, But Execution is Everything

最后的想法：实用为王，但执行才是一切

ZKsync's attempt to inject utility into its ZK token is a step in the right direction. However, the crypto space is littered with projects that promised the moon and delivered… well, not the moon. Whether ZKsync can successfully execute its vision and compete with the allure of AI-driven projects remains to be seen.

ZKsync 尝试将实用性注入其 ZK 代币是朝着正确方向迈出的一步。然而，加密货币领域充斥着承诺登月并交付的项目……好吧，不是登月。 ZKsync 能否成功执行其愿景并与人工智能驱动项目的吸引力竞争还有待观察。

So, is ZKsync's utility shift a game-changer, or just another altcoin trying to stay relevant? Only time will tell. In the meantime, keep your eyes peeled and your skepticism dialed up. After all, in the world of crypto, a healthy dose of cynicism can be your best friend.

那么，ZKsync 的效用转变是游戏规则的改变者，还是只是另一种试图保持相关性的山寨币？只有时间才能证明一切。与此同时，请保持警惕并提高怀疑态度。毕竟，在加密世界中，适量的愤世嫉俗可能是你最好的朋友。